Consolidated Communications Holdings (NDAQ:CNSL) Upgrade of Rating

Raymond James has boosted Consolidated Communications Holdings (NDAQ:CNSL) stock to Strong Buy in analysts report revealed to clients and investors on Friday, 9 June. CNSL’s old rating was Outperform.

Out of 4 brokers covering Consolidated Communications Holdings, 2 rate it a Buy, 3 indicate a Hold while 2 suggest a Sell. The highest target is $26 and the lowest is $17 according to Thomson/First Call. The 12-month mean target is $21.75, which means upside potential of 4.37% over the current price.

Institutional Ownership

Private Management Group Inc had the biggest stake with ownership of 970,204 shares as of q2 2015 for 1.52% of the equity exposure. Outfitter Advisors Ltd. is another bullish investment manager who is having 97,250 shares of Consolidated Communications Holdings or 0.99% of their equity exposure. Also, Woodley Farra Manion Portfolio Management Inc have 0.44% of their equity exposure invested in the company for 39,745 shares. The Illinois-based fund North Star Investment Management Corp. revealed it had acquired a stake worth about 0.43% of the investment manager’s stock portfolio in Consolidated Communications Holdings. The Tennessee-based fund Martin & Co Inc Tn is also positive about the stock, possessing 95,846 shares or 0.4% of their equity exposure.

Consolidated Communications Holdings (NDAQ:CNSL) Profile

Consolidated Communications Holdings, Inc. is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin. The Company operates as both an Incumbent Local Exchange Carrier (ILEC) and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. The Company provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services.

Consolidated Communications Holdings (NDAQ:CNSL) traded up 2.16% on 9 June, hitting $20.84. A total of 958,796 shares of the company’s stock traded hands. This is up from average of 405,540 shares. Consolidated Communications Holdings has a 52 week low of $19.27 and a 52 week high of $30.23. The company has a market cap of $1.08B and a P/E ratio of 347.86.

Get the latest Consolidated Communications Holdings (NDAQ:CNSL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Consolidated Communications Holdings (NDAQ:CNSL) Strong Buy Rating at Raymond James from Outperform appeared first on Octafinance.